Bquat's Account Talk

[Bquat]

I have been losing to the news. I really need this dip buying to be strong. Little Midterm adjustment. Chart: :worried:

 

[Bquat]

Yes, I am still looking bad and yes, I have a Caution sign out, but I am staying put. :nuts:
Powell talks tomorrow and I think he will have talking points saying rate cuts are coming. He has to say they are coming so he can cut them going into early voting without looking like he's doing it for early voting. This is just me and my stupid thinking right. Chart: :suspicious:

 

[ravensfan]

I wouldn't be surprised if there are no, zero, zilch rate cuts in 2024, but that's just my stupid thinking.

 

[weatherweenie]

I don't think you are too far off.

I wouldn't be surprised if there are no, zero, zilch rate cuts in 2024, but that's just my stupid thinking.

 

[Bquat]

Holy xxxx batman what happened

 

[Bquat]

Did the FEDs talking points get leaked out or what? Anyway, what a difference even cancelling my Caution. I don't know what happened but I am happy. Chart:

 

[tsptalk]

CPI happened.

 

[nasa1974]

WOW! the gap has the 20, 50 & 100 SMA in it. When was the last time that happened and what did the market do?

 

[Bquat]

Well half of the gap filled already but he did say one rate cut is coming. :notrust:

We did find some support at the blue line, and I am hoping the 50 SMA flattens out. Chart: :suspicious:

 

[Epic]

Well half of the gap filled already but he did say one rate cut is coming. :notrust:

I couldn't agree more with the :notrust: (notrust) face. Just off the top of my head, when we started 2024 wasn't it 6 rate cuts, then it dwindled down to possibly 3, and now we're at 1? And remember the great Fed Pivot that got everyone all jacked, that also never happened??? I don't know man, but when the biggest driver of market news is weather or not we get a rate cut, I would tend to be more on the cautious side of things. Either that or learn to make money with the current rates, because JPow certainly doesn't know what will happen months down the road and can't predict the future, so I also triple :notrust::notrust::notrust: notrust him as well. (just my 2 cents)
Great Job as always by the way ! ! ! ! !

 

[Bquat]

Bad news all the news gains are almost gone. Good news is the gap is filled. Watching to see if the top of the Longterm channel holds as support. Midterm adjusted by the guy who doesn't know why the market jumps for every news event. Chart: :blink:

 

[nasa1974]

Better that the gap got filled sooner than later.

 

[Bquat]

Gap filling candle stick. 3/4 of the news gains lost. Midterm wide because of volatility. Chart: :notrust:

 

[Bquat]

Redraw of longterm for the recent lower high. Redraw of Midterm because of recent market action. Looking for any sign of support.
Caution back on. Chart: :worried:

 

[Bquat]

Well the downwards crossover is happening. I hope the double bottom holds here. Chart: :blink:

 

[Bquat]

Ok, let's try this: Dream chart::cheesy:

 

[Bquat]

Gap is filled but I'm not seeing any strength here. Chart: :blink:

 

[Bquat]

So according to the dream chart tomorrow should pop up right :cheesy:

 

[nasa1974]

So according to the dream chart tomorrow should pop up right :cheesy:

I think it might be Thursday. Isn't the market closed tomorrow?

 

[Bquat]

So according to the dream chart tomorrow should pop up right :cheesy:

I was expecting a gap up but maybe the holiday changed that. I'm still negative for the month. Chart: :blink: